25 articles in this issue
Selahattin GURIS,Irem SACAKLI SACILDI,Elif GUNEREN GENC
The purpose of this study is to analyze factors affecting Foreign Direct Investment (FDI) in countries with a high rate of FDI from 2005 to 2011, by examining the effects of the 2008 crisis. A Panel Tobit model is estimated in order to see the effects on ... see more
Arwiphawee Srithongrung,Isaac Sánchez-Juárez
This study investigates the effects of taxes and public investment on economic growth of Mexican states. The subnational government finance data were drawn from 32 states during the period of 1993 to 2011. Correcting for long-term trends and isolating coi... see more
Vincent O. Ongore,Peter O. K’Obonyo,Martin Ogutu,Eric M. Bosire
Studies investigating effects of board composition on financial performance have yielded mixed results, due largely to contextual variables and varying roles of boards in different jurisdictions. Independent members, gender diversity and board size are so... see more
Ioannis N. Kallianiotis
The paper discusses the latest economic crisis and the public policies used to mitigate the recession and improve the economic growth. The current target rate (monetary policy) is closed to zero since December 2008 with a new experimental policy (“quantit... see more
Hiroshi Ito,Nada Alelweet,Rebecca Harrison,Alice Mitchell,Ellis Parker
IKEA, a Swedish furniture company, is considering entering the Brazilian market. This paper examines whether or not IKEA might be successful in the Brazilian market by reviewing the following issues: the growth of middle class, consumer spending, internet... see more
B. RAJESH KUMAR
The study based on a sample of 61 UAE listed companies examines the determinants of value creation. Size in terms of total assets of a firm is inversely related to value creation. Value as measured by market to book value of equity is negatively related t... see more
Gulbahar UCLER,Hale KIRMIZIOGLU
This study aims to review how the Eurozone has been formed and to analyze how it has been formed on weak roots, both in public finance and politics. Contrary to economical ideas, political grounds tested the endeavor of creating a powerful the monetary un... see more
Stefan Cristian Gherghina
This paper aims at assessing corporate governance by the instrumentality of ratings for a sample of 68 companies listed on the Bucharest Stock Exchange (BSE) over the year 2011. Therewith, current research has the goal of investigating the empirical relat... see more
Serhan Cevik,Joshua Charap
This paper examines the empirical behavior of conventional bank deposit rates and the rate of return on retail Islamic profit-and-loss sharing (PLS) investment accounts in Malaysia and Turkey, using monthly data from January 1997 to August 2010.... see more
Hueh-Chen Lin,Chin-Sheng Huang,Jack J. W. Yang
In this paper, we use a unique natural experimental setting to examine the market value of both voluntary and mandatory independent director appointments using a sample of Taiwanese listed firms. We find a significantly positive stock price reaction when ... see more
Fatih Burak GUMUS,Yusuf DAYIOGLU
Individual investors make portfolio investments along with various alternatives for the purpose of increasing their profit. Most of the time, these investments carry different risk levels and investors make portfolio investments by evaluating these risks ... see more
Chyi-Lun Chiou
This article investigates the use of cash flow-fundamental ratio in forecasting stock market return and examines implications behind this ratio. By presuming the dynamics of cash flow-fundamental ratio I identify the relationship between economic uncertai... see more
Songul KAKILLI ACARAVCI
This study investigates the determinants of capital structure in Turkey by using panel data methods. The sample period spans from 1993 to 2010 for 79 firms in the manufacturing sector traded on the Istanbul Stock Exchange. The base model was expanded with... see more
Nedžad Isakovic,Erkan Ilgün
Workers’ remittances are proven to positively influence the receiving economies and to help the receivers of remittances to cope with currency constraints and unemployment in the receiving country. Remittances can also improve the capability of the receiv... see more
Cuma Bozkurt
In today's world, globalization has reached to such an extent that, investment in information and technology is inevitable to be integrated with global system and increase competitive power. Therefore, R&D investments are of high importance and priority f... see more
Ghazi Al-Assaf,Bashier Al-Abdulrazag
The Export-led growth hypotheses postulates that there is a positive causal relationship running from exports to economic growth. Accordingly, the aim of this study is to empirically investigate the applicability of the Export-Led Growth hypothesis for Jo... see more
Abdulkadir Abdulrashid Rafindadi,Zarinah Yusof
Several pioneering studies have established that the effect of exchange rate exposure to corporate entities in periods of the financial crisis is no longer linear. To this end, this study explores the position of this argument in a developing countr... see more
Jimoh Olakunle SAKA,Ibiyemi Ajoke ONAFOWOKAN,Adekunle Ademayowa ADEBAYO
This study examines the processes of the monetary union of the Economic Community of West African States (ECOWAS). It takes a critical look at the convergence criteria and the various conditions under which they are to be met. Using the panel least square... see more
Tchouassi Gérard,Ngwen Ngangué
This study employs a panel data analysis to examine the relationship between fiscal illusion and budget policy of 15 African countries over the period between 1980 and 2012. The empirical results of the test of Hausman suggest the use of fixed effects est... see more
Mohamed Aymen Ben Moussa
Liquidity is an important variable for the bank and the banking system components. So it is interesting to show its determinants. Thus, we used a sample of 18 banks in Tunisia in for 2000-2010period. We estimated two measures of liquidity (liquid assets /... see more
Nan Yu Wang,Chih-Jen Huang,Ying-Lin Hsu,Shian-Chang Huang
This study aims to examine whether funds with illiquid assets exhibit stronger sensitivity of redemption outflows to bad past performance than funds with liquid assets. An important aspect of our study is whether large outflows should damage future fund p... see more
Suna Korkmaz
One of the necessities of public life and one of the basic elements of the state aiming to fulfill the demands and requirements of individuals which form the community is sovereignty. Sovereignty is separated into two as internal and external. This means,... see more
Hicham Bennouna
We follow Brouwer and Ericsson (1998) approach in order to estimate a mark-up model of price over unit costs in Morocco from 1997q1 to 2013q2. This kind of models assumes that the equilibrium price level is set as a markup on some combination of input pri... see more
Iyabo A. Olanrele,Taofik Mohammed Ibrahim
This paper examines the effect of four different types of developmental aid on economic growth in Nigeria utilizing the Two-Stage Least Square (2SLS) estimation technique between 1970 and 2012. The empirical estimates show that multilateral aid had more i... see more
Anthony Orji,Onyinye Imelda Anthony-Orji,Peter Nwachukwu Mba
This study examined the impact of financial liberalization on output growth in Nigeria over the period of 1986-2011. Employing the Ordinary Least Square method of estimation in its analysis, the empirical findings showed that financial liberalization poli... see more